09 Feb 2007 3:29 PM:

The rules have all changed alt when buying a property in Spain.  The government want to stamp out all the black money and illegal building in Spain.  The first steps have been made.  Before you go to notary, you need your original NIE certificate, a copy will not do, so make sure you keep it safe.  You also need a Spanish bank account in your name before completion.  You also need to produce evidence of all money transactions right from the first deposit.  Your bank will ask why you have a large amount of money place into your Spanish Bank account and what it will be used for and when.  You need proof of the money coming out of your account and paying the builder.  You can no longer just bring a bundle of cash from the UK and pay for your property, if you want to bring cash over, you need to deposit into your Spanish bank account first, then draw it back out to pay the builder.

 

Hope this helps!

Thread: NIE Certificate

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